This property looks like a bad Mid-Term investment with a projected -3.83% first-year return on $127k initial cash invested.
-3.83%
Cash On Cash
5.93%
Cap Rate
0.92
DSCR
$4,514
Rent
-$404
Cashflow
Cash Flow
$4,514 income − $4,918 expenses = $404 out of pocket
Investment Breakdown
|
Purchase Price
$517k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$103k
Closing costs
1%
$5,174
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,514
Total Expenses
$4,918
Mortgage P&I
62%
$2,778
Property Taxes
9%
$408
Home Insurance
4%
$175
HOA
0%
$21
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$135
Maintenance
4%
$181
Other
11%
$497